Is Royal Oak, MI a good place to invest in rental property?

Royal Oak, MI has a median modeled monthly cash flow of $-715 and a median cap rate of 3.9%, on a median sold price of $368,000. Prices changed +1.4% year over year.

What is the average cap rate in Royal Oak, MI?

The median cap rate across recently sold homes in Royal Oak, MI is 3.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Royal Oak, MI?

The median sold price in Royal Oak, MI is $368,000 (about $224 per square foot).

Investing in Royal Oak, MI Real Estate

A data-driven snapshot of the Royal Oak, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$368,000Median sold price

$224Median $/sqft

3.9%Median cap rate

$-715Modeled cash flow / mo

+1.4%Appreciation YoY

9.6Months of supply

962Active listings

1,208Sold (last 12 mo)

What the Royal Oak numbers say

In Royal Oak, MI, the median home sold for $368,000 (about $224 per square foot), and the typical deal models out to a 3.9% cap rate with a median $-715 of monthly cash flow. Sold prices moved +1.4% over the past year. Inventory sits at about 9.6 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See Royal Oak cash-flowing listings

CashFlowRE ranks every for-sale home in Royal Oak, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Royal Oak deals, or browse the national market data.